EUR/USD rebound aims for 1.0930 as US Dollar traces retreat in Treasury bond yields – by anilpanchal7 EURUSD YieldCurve Inflation Fed RiskAversion
EUR/USD extends recovery from one-week low to refresh intraday top, snaps two-day losing streak.
Eurozone Retail Sales can prod Euro pair buyers but cautious optimism may keep corrective bounce intact.EUR/USD picks up bids to refresh intraday high near 1.0890 as European traders return from a long weekend on Tuesday. In doing so,pair cheers broad US Dollar weakness amid cautious optimism in the market, as well as fresh doubts on the Federal Reserve’s hawkish moves.
As a result, the US Dollar Index snaps a four-day uptrend while declining to 102.35 by the press time, down 0.20% intraday. That said, the S&P 500 Futures print mild gains around 4,141 at the latest while the US 10-year and two-year Treasury bond yields retreat to 3.40% and 3.97% by the press time.
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